Question

X ltd. purchased Assets worth Rs. 288000. It issued Debentures of Rs. 100 each at discount of 4% in full satisfaction of the purchase consideration. ​

Answer 1

Answer:

Correct option is A)

Debentures Value = Rs. 100.

4% of 100 = Rs. 4 Discount. Debentures are issued at Price of Rs. 96.

Number of Debentures issued = 28,80,000/ 96 = 30,000.